Posts for Ticker ‘QCOM’

Top 10 Analyst Upgrades, Downgrades, Initiations (ADBE, FDX, JNPR, LVS, MSFT, ORCL, QCOM, CRM, NCTY, WYNN)

These are this Friday’s top early analyst upgrades, downgrades, and initiations from Wall Street research calls which may be moving shares of the underlying stocks:

Adobe Systems (NASDAQ: ADBE) Started as Buy at UBS.
FedEx (NYSE: FDX) Started as Overweight at Piper Jaffray.
Juniper Networks (NASDAQ: JNPR) Raised to Outperform at Oppenheimer.
Las Vegas Sands (NYSE: LVS) Started as Buy at Deutsche Bank.
Microsoft Corporation (NASDAQ: MSFT) Started as Buy at UBS.
Oracle Corp. (NASDAQ: ORCL) Started as Buy at UBS.
QUALCOMM Inc. (NASDAQ: QCOM) Raised to Outperform at Wells Fargo.
Salesforce.com (NYSE: CRM) Started as Neutral at UBS.
The9 Ltd (NASDAQ: NCTY) Cut to Neutral at JPMorgan.
Wynn Resorts Ltd. (NASDAQ: WYNN) Started as Buy at Deutsche Bank.

You can join our open email distribution list which goes out several times per week to be notified of key merger news, key analyst calls, top early morning day trader alerts, along with news of IPO’s, key offerings, guru investor data on Buffett and others, mergers, and more.

JON C. OGG

Posted on: November 13, 2009 – 7:59 am in Analyst Calls, Technology Companies, , , , , , , , , ,

Tech Giants Now Hold ~$265 Billion Cash To Spend (HPQ, COMS, INTC, AMD, MSFT, CSCO, AAPL, GOOG, ORCL, JAVA, QCOM, EMC, YHOO, DELL, AMZN, EBAY, ONT, BRCD, JDSU, STAR, VMW)

You have already seen the Hewlett-Packard (NYSE: HPQ) buyout of 3Com Corporation (NASDAQ: COMS).  But this week before that deal was announced we covered how mergers in the technology sector have been very slow to develop over the scale in which we and others think is possible for the sector.  After the Intel Corporation (NASDAQ: INTC) settlement with Advanced Micro Devices (NYSE: AMD), the tally of cash that is now estimated would be an implied $265 billion that is available for the tech giants in our 24/7 Wall St. Real-Time 500 to make acquisitions.

The giant cash balances are held by Microsoft Corporation (NASDAQ: MSFT), Cisco Systems Inc. (NASDAQ: CSCO), Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG), and Oracle Corp. (NASDAQ: ORCL), assuming nothing happens with Sun Microsystems Inc. (NASDAQ: JAVA).  But players like QUALCOMM Inc. (NASDAQ: QCOM), EMC Corporation (NYSE: EMC), International Business Machines (NYSE: IBM), Dell Inc. (NASDAQ: DELL), Yahoo! Inc. (NASDAQ: YHOO), Amazon.com Inc. (NASDAQ: AMZN), and eBay Inc. (NASDAQ: EBAY) are either all sitting with large amounts of cash or will be very soon.

We have broken out these technology, IT, software, and Internet companies by the cash amount they hold or what they have in a soon-to-be cash balance.  Of course only a fraction of this cash will be used for mergers.  But there is also a ton of room here for dividends and of course the share buybacks.

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Posted on: November 12, 2009 – 11:31 am in Consumer Electronics, Cramer, Dividend, Editor's Picks, Internet, Large Cap Stocks, Mergers and Buy Outs, PC Companies, Private Equity, Rumors, Semiconductor, Software, Stock Buybacks, Technology Companies, Telecom, , , , , , , , , , , , , , , , , , , ,

Short Sellers Abandon Financials (WFC)(CIT)(BAC)(JPM)

bearShort sellers have bought into the notion that the financial industry is in full recovery.

Shares sold short in Wells Fargo (NYSE:WFC) fell 8% to 78.8 million shares. Shares short in CIT (NYSE:CIT) were off 4% to 78.1 million. The short interest in Bank of America (NYSE:BAC) dropped 12% to 67 million. The short interest in JPMorgan (NYSE:JPM) dropped 4% to 37.7 million. Read More »

Posted on: November 11, 2009 – 4:24 am in Short Interest, , , , , , , , , , , ,

Tech Titans Still Have $269 Billion Cash For Deals (MSFT, CSCO, AAPL, GOOG, INTC, HPQ, QCOM, EMC, VMW, YHOO, DELL, ORCL, JAVA, AMZN, EBAY)

The recovery is on and mergers are happening, yet the technology sector has been slow to make deals.  Despite some deals already having taken place from the technology giants and that $260 billion cash balance which was there in the middle of last quarter is even larger now.  The tally for cash by our count is now right around $269 billion.  We looked through the top market caps of technology companies in our 24/7 Wall St. Real-Time 500 and this list is expanded now that some issues have been resolved in all the companies.  The stocks in this group are Microsoft Corporation (NASDAQ: MSFT), Cisco Systems Inc. (NASDAQ: CSCO), Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG), Intel Corp. (NASDAQ: INTC), Oracle Corp. (NASDAQ: ORCL), Sun Microsystems Inc. (NASDAQ: JAVA), Hewlett-Packard Company (NYSE: HPQ), QUALCOMM Inc. (NASDAQ: QCOM), EMC Corporation (NYSE: EMC), International Business Machines (NYSE: IBM), Dell Inc. (NASDAQ: DELL), Yahoo! Inc. (NASDAQ: YHOO), Amazon.com Inc. (NASDAQ: AMZN), and eBay Inc. (NASDAQ: EBAY).

These few tech companies with the $269 billion cash that could be deployed for mergers, acquisitions, or the good old dividends are also listed before tallying up credit lines, factoring, debt sales, and other creative financing methods.  We have listed the suppositions and counting methods for each one to illustrate how much is available at each company.
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Posted on: November 10, 2009 – 1:07 pm in Consumer Electronics, Dividend, Editor's Picks, Internet, Large Cap Stocks, Mergers and Buy Outs, PC Companies, Private Equity, Rumors, Semiconductor, Technology Companies, Value Investing, , , , , , , , , , , , , , , , ,

Media Digest 10/5/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Toyota (NYSE:TM) returned to a profit.

Reuters:   The Fed will keep rates near zero for an extended period.

Reuters:   Cisco (NASDAQ:CSCO) beat forecasts.

Reuters:   Gold is near $1,100. Read More »

Posted on: November 5, 2009 – 3:58 am in Press Digest, , , , , , , , , , , , , ,

Wednesday Hangs on Key Tech/Media Earnings (CSCO, CMCSA, QCOM, TWX, VG)

Bull and Bear ImageWe have four key earnings for technology and media investors and traders due on Wednesday, and one key cult stock.  The two biggest for tech which can impact all components of their related sub-sectors are Cisco Systems Inc. (NASDAQ: CSCO) and QUALCOMM Inc. (NASDAQ: QCOM).  Then in media and communications will be Comcast Corporation (NASDAQ: CMCSA) and Time Warner Inc. (NYSE: TWX).  Lastly, there is one of Wall Street biggest cult stocks with Vonage Holdings Corp. (NYSE: VG) on deck.  We have provided Thomson Reuters consensus estimates, and, where applicable, key performance measures and added color on each.
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Posted on: November 3, 2009 – 2:23 pm in Calendar, Cult Stock, Earnings, Media, Technology Companies, Telecom, , , , ,

Next Week’s Top 10 Earnings on Deck (CHK, F, KFT, MA, CSCO, CMCSA, QCOM, BRK-A, SIRI, VG)

NYSE Floor ImageEarnings season may be winding down, but next week still has some very important companies that are economic indicators in and of themselves or are key stocks that have broad customer and investor bases.  Picking only ten companies leaves many key stocks out, but we have some here which will appeal to most investors and traders.  Among next week’s top earnings are Chesapeake Energy Corporation (NYSE: CHK), Ford Motor Company (NYSE: F), Kraft Foods Inc. (NYSE: KFT), MasterCard Incorporated (NYSE: MA), Cisco Systems Inc. (NASDAQ: CSCO), Comcast Corporation (NASDAQ: CMCSA), QUALCOMM Inc. (NASDAQ: QCOM),  and Berkshire Hathaway Inc. (NYSE: BRK-A) (NYSE: BRK-B).

We also have the biggest cult stocks of all with SIRIUS Satellite Radio (NASDAQ: SIRI) and Vonage Holdings Corp. (NYSE: VG) reporting next week.  We have offered some color on each stock along with chart data where relevant, along with Thomson Reuters consensus estimates.
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Posted on: October 30, 2009 – 2:51 pm in Calendar, Earnings, Technical Analysis, Technology Companies, , , , , , , , , ,

Apple (AAPL) Meets The Nokia (NOK) Litigation Machine

appleNokia (NYSE:NOK) sued Apple (NASDAQ:AAPL)  saying  that Apple’s iPhone infringes Nokia patents for GSM, UMTS and wireless LAN (WLAN) standards.

Nokia has a habit of trying to get its way in court as Qualcomm (NASDAQ:QCOM) found out two years ago. After a prolonged royalty fight, Nokia sued the chip design firm and accused it of illegally copying six of its patents for mobile downloading of software applications and for mobile television broadcasts. The dispute between the firms ended with Nokia paying Qualcomm for intellectual property, turning the Finnish company’s legal tactic on its head.

Nokia sued two Chinese companies for copying the design of several of its handsets in 2006. Nokia has also been involved recently in patent litigation, which it won,  against InterDigital. Read More »

Posted on: October 22, 2009 – 1:26 pm in Law, , , ,

Media Digest 10/8/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   GM says most of its cost cutting is done and its sales chief left.

Reuters:   Spot gold hit a record above $1,050.

Reuters:   The Senate healthcare bill weighs in at $829 billion.

Reuters:   Dell (NASDAQ:DELL) plans its first smartphone to be launched with AT&T (NYSE:T) using the Google (NASDAQ:GOOG) Android OS Read More »

Posted on: October 8, 2009 – 3:59 am in Press Digest, , , , , , , , , , , , , , , , , , , ,

Media Digest 10/7/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Wealth management firms are starting to target the not-so wealthy.

Reuters:   Gold’s record price drew a muted response.

Reuters:   Google (NASDAQ:GOOG), Microsoft (NASDAQ:MSFT), and Palm (NASDAQ:PALM) are heating up the smartphone software race. Read More »

Posted on: October 7, 2009 – 3:56 am in Press Digest, , , , , , , , , , , , , , , , , ,

The Week of Proof for A123 (AONE, CBAK, ABAT, CSGH, BRK-A, GE, QCOM, MOT, AB, PG)

A123 Systems Inc (NASDAQ: AONE) is still likely going to be one of the highlights of trading activity for the week, but the valuation is all based on the future rather than on the performance of the past.   The maker of lithium-ion car batteries turned out to be the second best IPO of 2009 in the United States, so the company’s execution from here is paramount.  That is what a 50% gain on the first day will do for you.   The deal was for 28.1 million shares at $13.50, although it opened at $17.00 and it never went below $16.56 in the aftermarket.

While a highlight is one thing, A123 has competition and its losses are off the chart.  China Bak Battery, Inc. (NASDAQ: CBAK) and Advanced Battery Technologies, Inc. (NASDAQ: ABAT) are in the space but have far less hype.
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Posted on: September 28, 2009 – 6:51 am in Alternative Energy, Autos, Buffett, China, Consumer Electronics, Green Biz, IPOs, , , , , , , , , ,

Tech Titans Holding $260 Billion In Cash (DELL, PER, ORCL, JAVA, MSFT, AAPL, IBM, GOOG, CSCO, INTC, HPQ, QCOM, EMC, YHOO)

The economy is obviously getting better, so long as you are not one of the unemployed or about to lose your job.  Now with more than a 50% rally from the March lows and a Dow Jones Industrial Average challenging the 10,000 level, suddenly everyone wants to put on their investment banker hats again and look for buyers and buyout candidates after deals are announced.  This week’s Dell Inc. (NASDAQ: DELL) deal for Perot Systems Corp. (NASDAQ: PER) was a $3.9 billion acquisition versus $12.7 billion in cash and equivalents held at the end of the quarter.  The Oracle Corp. (NASDAQ: ORCL) deal for Sun Microsystems Inc. (NASDAQ: JAVA) is valued at $7.4 billion, or $5.6 billion net of Sun’s cash and debt.  We went back through our list from September 2, 2009 where we noted that outside of the financials  in the 20 largest US companies had a cash hoard of $335 billion that could be used for mergers and acquisitions, and that is not accounting for lines of credit, stock or debt that could be sold, and other means of financing a deal.  While nowhere near all of the cash will ever be used, many companies could pay big dividends before any tax changes.

So we wanted to look through the technology sector and after we looked through the top 100 markets caps in our 24/7 Wall St. Real-Time 500 we added a few new additions in the tech sector that still had over $5 billion in cash.  Out if the $335 billion from those in the top twenty, we broke out Microsoft Corporation (NASDAQ: MSFT), International Business Machines (NYSE: IBM), Apple Inc. (NASDAQ: AAPL), Google Inc. (NASDAQ: GOOG), Cisco Systems Inc. (NASDAQ: CSCO), Intel Corp. (NASDAQ: INTC), Oracle Corp. (NASDAQ: ORCL).  Even after a huge rally, $335 billion and then some could go a very long way for strategic and bolt-on acquisitions as a positioning strategy for the next decade.  Now, going further down the list of the top 100 companies with $5 billion or more in cash from tech companies alone adds in Hewlett-Packard Company (NYSE: HPQ), QUALCOMM Inc. (NASDAQ: QCOM), EMC Corporation (NYSE: EMC), and Yahoo! Inc. (NASDAQ: YHOO). When we tally up all the cash, there is over $260 billion available from these few tech companies that could be deployed for mergers, acquisitions, or the good old dividends.  Again, that is before tallying up credit lines, factoring, debt sales, and other financing methods.
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Posted on: September 25, 2009 – 6:41 am in Consumer Electronics, Dividend, Editor's Picks, Internet, Large Cap Stocks, Mergers and Buy Outs, PC Companies, Private Equity, Rumors, Semiconductor, Software, Technology Companies, Value Investing, , , , , , , , , , , , , ,

In A123 Battery IPO, Buffett Indirectly Wins (AONE, BRK-A, GE, QCOM, MOT, SCMR, AB, PG, AAPL)

A123 LogoBuffett ImageNext week is still supposed to mark the initial public offering of what me be a very hot IPO.  Auto electric-battery maker A123 Systems Inc. is tentatively set to launch and begin trading mid-next-week under the stock ticker “AONE” on NASDAQ.  We have penciled in a date of September 23 or 24, but if you have been watching IPOs for years you know that date can change.  This one has been in the IPO hopper almost forever as the IPO filing date was in August 2008.

We’ll get to this a little later, but we did note in the title that Warren Buffett and Berkshire Hathaway Inc. (NYSE: BRK-A) may be the indirect winner here in this offering.  A123 raised a fairly recent round led by General Electric Co. (NYSE: GE) and affiliates, which has a 11.7% stake.  At the time the company filed to come public it has raised roughly $160 million and it has large stakes held by venture capital firms (North Bridge, Sequoia and others), Qualcomm Inc. (NASDAQ: QCOM) has a 7.6% stake and Motorola Inc. (NYSE: MOT) has a 6.9% stake.  Gururaj “Desh” Deshpande, the co-Founder and Chairman of Sycamore Networks, Inc. (NASDAQ: SCMR), also has a 9.9% stake.  AllianceBernstein Holding L.P. (NYSE: AB) and Procter & Gamble (NYSE: PG) are also listed under the investors of the company.
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Posted on: September 15, 2009 – 11:35 am in Alternative Energy, Autos, Buffett, Conglomerates, Consumer Electronics, Editor's Picks, Green Biz, IPOs, Infrastructure, Private Equity, , , , , , , , ,

Media Digest 9/7/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Markets in Asia and Europe were mostly higher with many up over 1%. Cadbury rose on an offer from Kraft (KFT). Rio Tinto (RTP) rose.

Reuters:   Kraft (KFT) bid $16.7 billion for Cadbury.

Reuters:   China Trust bid $2.4 billion for AIG’s (AIG) Taiwasn unit. Read More »

Posted on: September 7, 2009 – 6:58 am in Press Digest, , , , , , , , , , , , ,

Top Analyst Downgrades (ALU, AXL, DIS, NOK, QCOM, VZ)

These are this Tuesday’s early analyst downgrades and cautious research calls which we have seen from Wall Street research firms:

Alcatel-Lucent (ALU) Cut to Neutral at Credit Suisse.
American Axle (AXL) Cut to Hold at Deutsche Bank.
Disney (DIS) Cut to Hold at Lazard.
Nokia (NOK) Cut to Underperform at Credit Suisse.
QUALCOMM (QCOM) Cut to Neutral at Credit Suisse.
Verizon (VZ) Cut to HOLD at Auriga.

JON C. OGG

Posted on: September 1, 2009 – 8:05 am in Analyst Calls, , , , , ,

Short Seller Rush Out Of Financial Stocks, Tech, And Retail

bearShort sellers moved out of financial shares in great numbers.

As of August 11, the short interest in Citigroup (C) fell 71% to 343 million shares. Share sold short in GE (GE) fell 15% to 143 million. The short interest in Wells Fargo (WFC) was down by 9% to 99 million. Shares sold short in American Express (AXP) dropped 20% to 36 million. The short interest in Capitol One (COF) dropped 19% to 30 million. Shares sold short in Visa (V) dropped 22% to 15 million. Read More »

Posted on: August 12, 2009 – 4:14 am in Short Interest, , , , , , , , , , , , , , , ,

Chart Events Forming in Key Tech Stocks (MSFT, AMZN, RIMM, ORCL, QCOM)

MSFT CHART AUG 11It is normal to see pullbacks.  The problem is that most market pullbacks in the last five months have been rare or short-lived since the near-depression levels of early March.  But it has also been hard to not notice the stalling out of some key tech stocks, and today we are seeing some critical long-term moving average violations as a result.  We have looked as Stockcharts.com for these reviews and links through to show the 50-day and 200-day moving averages.   Microsoft Corp. (NASDAQ: MSFT), Amazon.com Inc. (NASDAQ: AMZN), Research in Motion Ltd. (NASDAQ: RIMM), Oracle Corp. (NASDAQ: ORCL), and QUALCOMM Inc. (NASDAQ: QCOM) have all hit our longer-term initial screens for the day based 50-day moving averages.
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Posted on: August 11, 2009 – 2:41 pm in Charts, Technical Analysis, Technology Companies, , , , ,

Top Day Trader Alerts (MEDX, ISRG, OREX, CELG, EBAY, SNDK, PSUN, QCOM)

The following are some of the top stocks to watch for active trading today based on pre-market and after-hours volume activity. There are links through to more detailed coverage and volume analysis at VSInvestor.com:

Medarex Inc. (Nasdaq: MEDX) shares are up about 90 percent after Bristol-Myers Squibb Co. (NYSE: BMY) said it plans to buy the company for $2.4 billion, or $16 a share.

Pacific Sunwear of California Inc. (Nasdaq: PSUN) shares are getting hit on a second-quarter warning.

Orexigen Therapeutics Inc. (Nasdaq: OREX) shares are falling, and are among the most actively traded Nasdaq stocks after the company proposed a 9 million-share offering.

Celgene Corp. (Nasdaq: CELG) shares are up more than 10 percent on stronger-than-expected revenue and net procedure sales growth.

Intuitive Surgical Inc. (Nasdaq: ISRG) shares are up strongly on better-than-expected earnings and strong procedure growth guidance.

eBay Inc. (Nasdaq: EBAY) shares are up after beating quarterly expectations and guiding third-quarter revenue slightly higher.

SanDisk Corp. (Nasdaq: SNDK) shares are down after it beat Q2 expectations, but gave cautious guidance.

Qualcomm Inc. (Nasdaq: QCOM) shares are falling after it beat expectations, but only guided in-line, amid analyst concerns about average selling prices.

– The 24/7 Wall St. Team

Posted on: July 23, 2009 – 7:47 am in Pre-Market Activity, Trading Alert, , , , , , , ,

Media Digest 7/23/2009 Reuters, WSJ, NYTimes, FT, Bloomberg

newspaperReuters:   Obama says healthcare reform is essential to the recovery.

Reuters:   CIT (CIT) bond advisers will push for Chapter 11.

Reuters:   Democrats will fight with banks on consumer agency.

Reuters:   Amazon (AMZN) bought Zappos for $829 million.

Reuters:   Porsche approved Qatar talks and fired its CEO.

Reuters:   Bristol-Myers (BMY) bought Medarx (MEDX) for $2.4 billon. Read More »

Posted on: July 23, 2009 – 2:57 am in Press Digest, , , , , , , , , , , , , , , ,

ASP’s Hit QUALCOMM (QCOM)

QCOM LogoQUALCOMM Inc. (NASDAQ: QCOM) has just posted $0.54 non-GAAP EPS on $2,75 billion in revenues versus the Thomson Reuters targets of $0.52 EPS  and $2.73 billion in revenues.  Unfortunately, the company’s effective tax rate was 25% for the quarter and is expected to reach 33% for its Fiscal 2009 period.  Cash and equivalents were approximately $15.7 billion at the end of the quarter.
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Posted on: July 22, 2009 – 3:18 pm in Earnings, Technology Companies, Telecom, WiMAX, Wireless,